Royal London Asset Management, the £181bn fund management arm of pensions and investment company Royal London, has named Will Nicoll as its new chief investment officer, having joined in 2023 as head of private assets.
Prior to Royal London Asset Management, Nicoll was at M&G, where he held the role of chief investment officer, private and alternative assets, with responsibility for leading an international team that managed approximately £70bn of assets.
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At the time of his appointment in October 2023, Royal London Asset Management said it was part of “a major strategic initiative” to expand its investment capabilities further into private markets.
Since joining, Nicoll has been “instrumental in building the foundations” for its private assets capability.
Last year, he also took the helm of the fixed income division, restructuring the team and creating a platform for product and business growth.
Nicoll succeeds Piers Hillier, who is stepping down as chief investment officer.
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“I am delighted to see Will step into the role as our chief investment officer given his expertise and leadership,” said Hans Georgeson, chief executive of Royal London Asset Management.
“His appointment demonstrates the effectiveness of our succession planning, providing continuity for our clients and colleagues while reinforcing the depth and breadth of expertise within business.”
Nicoll said that, in his new role, his focus will be on “supporting our people, enhancing our investment proposition and delivering strong investment outcomes for our clients”.
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